I was wondering if you guys could help me understand how much traffic I should expect if I rank number one for "Free Christian." I have done some research and my estimate is 105,286 visitors per month.
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It's not based on only traffic, traffic depends on keyword, popularity and on which page your page stands on search engine
traffic can not be estimated exactly. But you can get roughly idea using google adwords keyword tool.
Yes, I think Google adwords tool is best one if you want to know the traffic and competition on specific keyword.
More traffic does not mean to get high PR or rank no. 1. As traffic shows many visitors for your site and rank shows the quality of any particular site. Though you have more backlinks and more traffic then you will not get higher rank. But for getting higher rank provide best and useful information on your site.